The Puny Fiscal Effects of European QE
Lots of people think the euro area’s central banks will be handing back all the interest payments they receive on […]
Central Banks, Euro Crisis
Euro Crisis
Central Banks, Euro Crisis
How Does QE Work? A Picture Worth a Thousand Words
With QE purchases starting a few days ago, some thoughts on how QE works with a nice graph to explain.
Central Banks, Euro Crisis
Can QE Be Bad For Taxpayers?
Some new thoughts on the “can you make losses printing money” theme, this time with a Hans-Werner Sinn angle.
Banking, Central Banks, Euro Crisis
So What Did ECB Just Do To Greece?
The situation in Greece continues to tick over. An explanation of the ECB’s decision tonight to cut off various Greek
Banking, Central Banks, Euro Crisis
What’s Going On with Greece and the ECB?
It’s complicated. But it’s got nothing to do with technocratic ECB rules.
Banking, Central Banks, Euro Crisis
An ECB QEsplainer
My thoughts on the ECB’s QE announcement. Perhaps a bit long, perhaps a bit disorganised ….
Banking, Central Banks, Euro Crisis
The Myth of the Special German Saver
Everyone knows German savers are special, don’t they? Not so much it turns out. Read here.
Central Banks, Euro Crisis
Can You Really Make Losses Printing Money?
Imagine you’re a smart young rich kid. You invent a money-printing machine. You use it to magic up money to
Central Banks, Economic Growth, Euro Crisis
Draghi on Structural Reforms
I was in Brussels on Monday to present my latest briefing paper to the European Paliament’s Economic and Monetary Affairs
Central Banks, Euro Crisis
The ECB and Non-Standard Policies: Too Little Too Late?
The latest round of briefing papers for the Economic and Monetary Affairs committee’s monetary dialogue can be found here. Click